Triodos Bank
 |
|
| Public, not listed | |
| Industry | Financial services |
| Founded | 1980 |
| Headquarters | Zeist, Netherlands |
|
Key people
|
Peter Blom, CEO |
| Products | Sustainable banking |
| Revenue | €217.6 million (2016) |
| €29.3 million (2016) | |
| AUM | €13.454 billion (2016) |
|
Number of employees
|
1,271 (2016) |
| Website | www.triodos.com |
Triodos Bank N.V. is a bank based in the Netherlands with branches in Belgium, Germany, United Kingdom and Spain. It claims to be a pioneer in ethical banking. Triodos Bank finances companies which it thinks add cultural value and benefit both people and the environment. That includes companies in the fields of solar energy, organic farming or culture. The name Triodos is derived from the Greek "τρὶ ὁδος - tri hodos," meaning "three-way approach" (people, planet, profit). Triodos Bank's balance sheet was worth EUR 5.3 billion by the end of 2012. It is influenced by the anthroposophical movement.
Savers can open conventional savings accounts, as well as ethical funds and venture capital. Triodos also has an active international department, supporting microfinance initiatives across the developing world. Triodos is the only commercial bank in the UK to provide an annual list of all the loans the bank has made.
In 1980 Triodos launched the first "green fund", a fund for environmentally friendly projects, on the .Friends of the Earth in the Netherlands claims that transferring 10,000 euros in savings from a "climate laggard" such as ABN Amro to Triodos will effectively result in a carbon dioxide emissions saving equivalent to what would be achieved by not driving a car for six months. The bank compensates 100% of its own CO2 emissions.
Triodos took over the British ethical bank Mercury Provident in 1994. As of the end of 2016, Triodos Bank had 652,000 customers. In 2012, about half of the customers were in the Netherlands, and a quarter in Spain.
The bank was founded as an anthroposophical initiative. The bank's statutes were committed to anthroposophical principles until 1999, but in later years, the bank has broadened its appeal.
...
Wikipedia